12985 W Dixie Hwy, North Miami FL 33161

Description of 12985 W Dixie Hwy, North Miami FL 33161

Stabilized 7-Unit Retail Investment | 6.66% Cap | Value-Add Offered at $2,000,000, this fully leased neighborhood retail center sits on a high-visibility corner at 12985 W Dixie Hwy in North Miami. The 7,742 SF building offers strong frontage, parking, and steady traffic exposure. The property generates $146,936 gross income with an estimated $133,249 NOI, reflecting a 6.66% cap rate. All seven units are leased to established tenants on 2–3 year terms, providing stable cash flow with near-term upside. Several rents are below market, offering repositioning potential, and one underperforming unit presents additional value-add opportunity. Built in 1956, zoned 6600, and surrounded by ongoing development. Detailed rent roll and financials available with NDA.

Property Details for 12985 W Dixie Hwy, North Miami FL 33161

Cooling

Central Individual A/C

Pool Private

No

Year Built Details

Resale

Building Information for 12985 W Dixie Hwy, North Miami FL 33161

Building Area Total

7742

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 12985 W Dixie Hwy, North Miami FL 33161

Lot Features

Corner Lot

Lot Size Square Feet

7,742

Waterfront

No

View

No

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 12985 W Dixie Hwy, North Miami FL 33161

Parcel Number

06-22-30-006-0550

Tax Annual Amount

$13,687

Tax Year

2,024

Tax Legal Description

30 52 42 IRONS MANOR 5TH ADD PB 22-38 LOT 1 & PORT OF ST ABUTTING NE COR PER DB 4252-588 BLK 15 LOT SIZE 7742 SQUARE FEET OR 20507-0481 0702

Zoning

6600

County Or Parish

Miami-Dade County

Location